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BlockBeats News, December 20 — Wintermute's trading strategist Jasper De Maere stated that Bitcoin may fluctuate within the $86,000 to $92,000 range. Currently, it is not advisable to over-interpret technical indicators, and more profit-taking is expected in the next two weeks, mainly driven by year-end portfolio adjustments and tax considerations. He anticipates that Bitcoin's sideways movement will continue until new catalysts emerge, one of which could be the large-scale options expiration in late December. De Maere mentioned that while it is still premature to assert that the market has bottomed out, signs of a bottom are beginning to appear. "In the short term, I am confident that we are oversold.
I feel this situation won't last long.